Tesco has revealed annual profits more than tripled, but warned retail earnings will come under pressure this year from soaring inflation and as shoppers return to pre-pandemic shopping habits (Nicholas T Ansell/PA)
(Picture: PA Wire)AO World shares crashed 15% today as the market fretted about the finances of the consumer goods business amid plunging consumer confidence.
It is under pressure to reassure investors about its cashflow position following a weekend report that credit insurers are withdrawing support, which could force it to make upfront payment to suppliers.
